4 Technology Stocks Dragging The Sector Down

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.

The Technology sector currently sits up 2.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 3.0%, Nippon Telegraph & Telephone ( NTT), down 1.8%, Verizon Communications ( VZ), down 1.8%, America Movil S.A.B. de C.V ( AMX), down 1.3% and Telefonica Brasil S.A ( VIV), down 1.6%. Top gainers within the sector include Voltari ( VLTC), up 1517.8%, Aspen Technology ( AZPN), up 9.2%, Cree ( CREE), up 3.2%, Telecom Italia SpA ( TI.A), up 2.5% and Applied Materials ( AMAT), up 2.8%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. NTT DoCoMo ( DCM) is one of the companies pushing the Technology sector lower today. As of noon trading, NTT DoCoMo is down $0.11 (-0.7%) to $15.64 on light volume. Thus far, 43,488 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 282,800 shares. The stock has ranged in price between $15.64-$15.72 after having opened the day at $15.72 as compared to the previous trading day's close of $15.75.

NTT DOCOMO, INC. provides mobile telecommunication services over its long term evolution and W-CDMA networks in Japan. NTT DoCoMo has a market cap of $65.6 billion and is part of the telecommunications industry. Shares are up 9.3% year to date as of the close of trading on Thursday. Currently there are no analysts that rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DoCoMo as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full NTT DoCoMo Ratings Report now.

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